Thoughts on Markets

Sunday, November 22, 2009

Gold Now In Light Trading (Night) 1163 Silver 18.73

Both of our precious metals are up strongly over night in light international trading. We will be looking forward to what the opening in NY will reveal tomorrow as the options are expiring. Monday will be an interesting day. We may have a big move in either direction.
Gold began an upward move on Friday which continued with a jump tonight. This is a very exciting move. The wonder will be what tomorrow holds for us. This graph from Friday's close gives the current perspective. Notice the posting of the night is in purple. The RSI and MACD are as of Friday close, so there is no change yet posted in these places on the graph. The price is pushing the top trend line of the channel.
The metals are really on the move.

From Commentators Corner:

Nov 20 2009 4:07PM
Metals Soar

By Howard Ruff
We have had a rather spectacular three weeks. Gold has soared to over $1,140, and silver is over $18. We can enjoy our profits. Read it HERE.

Our Sovereign God demands that we honor Him in corporate worship on the Lord's Day. Failure to do so is disobedience. King Jesus has made a covenant with us which says that He will be our God if we are obedient to Him. He also promises blessings for obedience and punishment for disobedience.

At times, we may think that we have missed His punishment, but God's Word does not return void. It accomplishes all that it was meant to do. This word comes from a God who cannot lie. His is total righteousness and would have to change being what He is to lie. He also tells us that He is the same yesterday, today, and always. Thus, we are to give Him the glory and work for the furtherance of His Kingdom.

I will try to get the blog updated soon after the NY Markets open in the morning.

Best to each, Doug


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